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    114-118 Holly St Bellingham, WA 98225

    Sponsored
    For Lease
    Contact for pricing

    Iconic 1925 building, high visibility

    Lot size:
    15,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 114-118 West Holly Street in Bellingham, Washington, presents a unique investment opportunity. The two-story building, constructed in 1925, boasts a total of 15,500 square feet, with 14,000 square feet currently vacant. Situated on a 0.17-acre lot, the property enjoys a highly desirable location in the heart of downtown Bellingham's urban village, zoned accordingly. The building's prominent features include exposed brick walls, impressive high ceilings, and substantial street frontage of nearly 70 feet along Holly Street. Its rich history includes a long tenure as the home of a well-known local business, establishing a strong community presence. The single-tenant occupancy allows for flexibility and customization to suit a variety of retail or office uses. The property's address is 114-118 W Holly St, Bellingham, WA 98225, with Whatcom County APN 380330-170147-0000. This is an ideal opportunity for an owner-user seeking a prominent downtown location with significant potential. The building's size and location offer excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. The substantial vacant space provides ample room for development and customization to meet specific business needs. This property represents a rare chance to acquire a piece of Bellingham's history and establish a strong presence in a thriving downtown area.

    Property Features for 114-118 Holly St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,500 SF

    Building Details

    Year Built
    1925
    Stories
    2

    Unit(s) available at that property

    Space
    Unit 2
    Size
    14,000 SF

    HighLights

    • 1925‑built, 15,500 SF two‑story building on a 0.17‑acre lot.
    • 14,000 SF of vacant space available for owner‑user or investment.
    • Located in downtown Bellingham's urban village, with nearly 70 feet of street frontage on Holly Street.
    • Currently generating $2,200/month in income from a tenant with a 4.5‑year lease extension.
    • Desirable downtown Bellingham location with high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Airport Limousine Service ... Limousine Service

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Spa & Massage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Whatcom
    State
    Washington
    Longitude
    -122.4793034
    Latitude
    48.7502446

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    FAQs

    What type of property is this?
    Retail property - Iconic 1925 building, high visibility
    Where is this retail property located?
    The property is located at 114-118 Holly St Bellingham, WA.
    What are key features of this property?
    This property features: 1925-built, 15,500 SF two-story building on a 0.17-acre lot.; 14,000 SF of vacant space available for owner-user or investment.; Located in downtown Bellingham's urban village, with nearly 70 feet of street frontage on Holly Street.
    Request Owner's contact information
    114-118 Holly St Bellingham, WA 98225
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    Bellingham, WA 98225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114-118 Holly St Bellingham, WA 98225
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